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| Owner | Zempler Bank Limited |
|---|---|
| Country | United Kingdom |
| Introduced | 2005; 19 years ago (2005) |
| Markets | Financial services |
| Website | www |
Zempler Bank, previously known as Cashplus is a British challenger bank and prepaid card operator that is a trading name of Zempler Bank Limited. Zempler Bank provides business bank accounts and contactless Mastercard cards in the UK.
History
Zempler Bank was initially a prepaid card operator launched in the UK in 2005 under the name Cashplus. As of 2008, it had become the top prepaid service in Europe using Mastercard credit cards.
It applied for a banking licence in 2017, then transformed into a fully regulated UK bank after acquiring its banking license in 2021, thereby becoming Cashplus Bank.
In July 2024, Cashplus Bank rebranded to Zempler Bank.
References
- "Payment cards are first step towards making cash obsolete". The Independent. 24 September 2005.
- "Advanced Payment Solutions Moves Europe's Leading MasterCard-Branded Prepaid Portfolio to Metavante". Business Wire. 17 April 2008.
- Hinchliffe, Ruby (5 February 2021). "Cashplus lands full banking licence after 15 years as an EMI".
- Bhattacharya, Megha (3 February 2021). "FinTech Cashplus secures a full UK banking license".
- Mucklejohn, Lars (12 March 2024). "Cashplus: Digital challenger to rebrand as Zempler Bank this summer".
- Reynolds, John (24 March 2024). "Cashplus Bank rebrands to Zempler Bank".